Latest / WCHS Network Podcasts / 10/21/2024 Retire Right Radio with John Burdette

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10/21/2024 Retire Right Radio with John Burdette · WCHS Network Podcasts

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Speaker 2: The views and opinions expressed on this program do not
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Speaker 2: necessarily reflect the views and opinions of five AD, WCCHS
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Speaker 2: it's employees or WVRC Media. This is Retire Right Radio,
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Speaker 2: a weekly show from John Verdet at Fourth Avenue Financial
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Speaker 2: that aims to answer your questions about financial planning, investing,
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Speaker 2: and how to retire right. Fourth Avenue Financial is located
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Speaker 2: in downtown Charleston at one seventy Court Street. More information
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Speaker 2: online at Fourth Avenue Financial dot com. Join the conversation
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Speaker 2: by calling three oh four three four five.
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Speaker 3: You're listening to Shoot Sorry WCHF the Voice of Charleston.
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Speaker 3: I'm Del Cooper. Thanks so much for this Monday morning
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Speaker 3: it is. You'll talk a.
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Speaker 4: Little bit about that and John, your financial security going
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Speaker 4: into the future. And we started that by talking to
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Speaker 4: John Burdett from Fourth Avenue Financial, who is in studio
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Speaker 4: with us this morning and ready to take your questions
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Speaker 4: about anything about how you can retire right looking into
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Speaker 4: your retirement. John Burdetta is from Fourth Avenue Financial on
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Speaker 4: line fourth Avenue Financial dot com. We'll give more of
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Speaker 4: that information as we go along here today. John, Good morning,
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Speaker 4: I do in this morning. I'm doing wonderful. I appreciate
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Speaker 4: you coming in as always on a on a Monday morning.
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Speaker 4: Your headphone volume okay, yeah, okay, I didn't want to
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Speaker 4: blow you out there.
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Speaker 5: Yeah, it was loud there for a second.
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Speaker 4: So it's amazing when you have ones at work right
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Speaker 4: actually have some volume to them. You can get ahold
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Speaker 4: of us this morning if you like the text over
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Speaker 4: questions three zero four nine three five five zeros or
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Speaker 4: eight three zero four nine three five five zero zero
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Speaker 4: eight you can get through on the phone lines. I
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Speaker 4: believe three zero four three four five fifty eight fifty eight.
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Speaker 3: We are. We're in the process of moving students.
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Speaker 4: If you've listened to any of our shows recently, you
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Speaker 4: know that we have this huge move that's going on,
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Speaker 4: and last week late our phone lines had fallen through
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Speaker 4: that for this show, only the phone lines had fallen
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Speaker 4: through the cracks. A little bit where we have to
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Speaker 4: get them routed to the same studio. I believe that's resolved. However,
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Speaker 4: if you try to call this morning you can't get through,
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Speaker 4: you can't text three zero four non three five five
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Speaker 4: zero zero eight. We appreciate your patience. This will be
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Speaker 4: fixed within a day or two.
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Speaker 3: This is just what.
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Speaker 4: Happens when you're in live radio and you have to
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Speaker 4: move everything in real time. You can't you can't wait.
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Speaker 4: So three zero four non three five five zeros zero
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Speaker 4: eight is our text on this morning. If you can't
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Speaker 4: get through on the phone line. Johnberdet is here for
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Speaker 4: Fourth Avenue Financial. We're almost through the election season now,
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Speaker 4: it's just kind of batten yeah, I know, right, just
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Speaker 4: batten down the hatches. My wife gets frustrated with me
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Speaker 4: because although I work in media, in news and stuff
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Speaker 4: like that, like I'm less and less aware of what's
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Speaker 4: going on politically as we get closer and closer to
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Speaker 4: the election. But I don't think that's such a bad place.
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Speaker 6: To be, Honestly, I don't think so. You know, I'm
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Speaker 6: getting calls all the time about the election, people thinking
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Speaker 6: should I sell out now?
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Speaker 5: Should I wait?
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Speaker 6: And you know, if you're thinking that the market is
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Speaker 6: thinking that too. Everybody that participates in the market is
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Speaker 6: thinking the same thing. You don't have a unique thought there, right,
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Speaker 6: and the markets at record has So that tells me
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Speaker 6: that the market's not too dog on concerned about the
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Speaker 6: election coming up in a few weeks, or we would
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Speaker 6: see that in the in the market prices.
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Speaker 4: Yeah, I mean from from the at least from a
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Speaker 4: glance at all the indices and stuff that. I mean,
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Speaker 4: what are you so worried about? I mean, things are
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Speaker 4: pretty good.
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Speaker 6: Right now, and of course you know, we're not at
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Speaker 6: the end of the year, but we are on pace
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Speaker 6: now to have two years back to back twenty percent
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Speaker 6: plus gains, which you know, it happens, but it's it's
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Speaker 6: pretty good return for back to back years having those gains.
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Speaker 6: I will say this though, and most folks listening probably
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Speaker 6: don't realize this, but since nineteen fifty, forty percent of
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Speaker 6: all the years the market's been up twenty percent or greater.
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Speaker 5: Well really, yes, so wow, so the market.
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Speaker 6: What what folks don't realize is, oh, the market averages
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Speaker 6: tend to twelve percent a year something like that. It
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Speaker 6: doesn't do it in a straight line, you know, you
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Speaker 6: have all of these big years, and then you have
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Speaker 6: down years thrown in there, or low return years thrown
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Speaker 6: in there, and the average comes from those basically the
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Speaker 6: big years where the market runs wild. The vast majority
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Speaker 6: of the time, the market is never within a few
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Speaker 6: points of its long term average. It's always you know,
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Speaker 6: a hit or a miss. Essentially, I guess that makes sense.
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Speaker 4: I mean, anytime that you're looking with statistics, you know
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Speaker 4: how this thing, these things can work out. I mean
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Speaker 4: on a very very small scale, if you just look
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Speaker 4: at two things. If if you if you get a
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Speaker 4: forty percent increase on round number one and a zero
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Speaker 4: percent increase on round number two over two turns, that's
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Speaker 4: a twenty percent increase right on average. So I mean, yeah,
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Speaker 4: so I can see how that can. The long term
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Speaker 4: view is you have a certain consistent percentage. But in
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Speaker 4: the in the in the when you zoom in, you
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Speaker 4: do see some peaks and valleys that are in.
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Speaker 5: There right right.
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Speaker 6: So so in those years where you know, you ask, hey,
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Speaker 6: what do you think the market's going to do this year?
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Speaker 6: If you say, oh, probably ten percent, you know, well
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Speaker 6: you're just using the average. Long term chances are it's
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Speaker 6: not it's not going to be there. It's going to
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Speaker 6: be either much greater or less. And that's where that
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Speaker 6: average comes from. Very rarely are we right on the
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Speaker 6: money on that average.
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Speaker 4: Where does the kind of the panic? And I know
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Speaker 4: that we've been talking about this at least on the
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Speaker 4: outside looking in as far as election and headlines and
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Speaker 4: things like that, at least we touch on it often,
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Speaker 4: and we've talked about it several times leading up to
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Speaker 4: where we are now. But it's just it's what's in
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Speaker 4: the news right now. But when you say you have
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Speaker 4: some people that are that are contacting you wondering about
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Speaker 4: what they should do because of the election coming up,
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Speaker 4: what are the what are the I guess what's on
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Speaker 4: the on the menu as far as things that they
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Speaker 4: should do with Are they worried about their four one K?
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Speaker 4: About other types of investments? I'm not sure where the
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Speaker 4: where the panic would be built in at I mean,
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Speaker 4: what is it that you that that somebody wants to
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Speaker 4: change that's part of their investment strategy?
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Speaker 6: Well, I mean essentially safeguard their money. You know, the
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Speaker 6: fear of, oh, somebody's going to win the election that
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Speaker 6: I don't want to win the election, and that's going
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Speaker 6: to destroy everything. You know, history doesn't show that that
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Speaker 6: happens very often, and the market right now is signaling
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Speaker 6: that it doesn't believe it's going to happen this time either.
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Speaker 6: You know, the chances of you know, the market just
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Speaker 6: taking it in stride are historically pretty good.
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Speaker 4: The thing that I guess sort of, I don't know,
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Speaker 4: and I know things will work on a linear line
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Speaker 4: like this. But you look at the former president who's
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Speaker 4: running for office to get re elected. President Trump talked
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Speaker 4: about the stock market all the time while he was
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Speaker 4: in office, a little bit unusually because presidents usually.
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Speaker 3: Don't do that.
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Speaker 4: But it was good, so he talked about it all
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Speaker 4: the time, and whether the credit was deserved or not,
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Speaker 4: there was a good market during this time. Now we
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Speaker 4: at the end of his term, and in the beginning
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Speaker 4: of Joe Biden's term, of course, there was a COVID
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Speaker 4: depressions and stuff like that. But at the end of
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Speaker 4: this term now we see once again a very very
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Speaker 4: productive market that's setting all times hots. It looks to
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Speaker 4: me like that the evidence would suggest that regardless of
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Speaker 4: who won, ultimately the market is probably going to be okay.
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Speaker 4: Although it's terrorist that's running instead of Biden. The whole
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Speaker 4: parallel is supposedly it's a continuation of that presidency, right,
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Speaker 4: seems like that if it worked under one either either
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Speaker 4: time that we're probably going to be okay this time
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Speaker 4: around too. Now there's some different things in the headlines
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Speaker 4: with tariffs and different things along those lines.
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Speaker 6: But I think, you know, policy outcomes are a whole
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Speaker 6: lot different than the rhetoric that's being used during a campaign.
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Speaker 6: You know, you might a politician may say something in
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Speaker 6: a campaign, but actually turning that into policy or those
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Speaker 6: are two different things. And usually by the time the
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Speaker 6: sausage gets made, it's been influenced by lobbyist and who
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Speaker 6: are the lobbyist you know people and all these companies
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Speaker 6: right right right, And and what comes out at the
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Speaker 6: at at the end of the day is somewhat different than.
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Speaker 3: The rhetoric, if anything at all.
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Speaker 6: Sometimes that's correct. And if you look historically president being
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Speaker 6: a Democrat or Republican really doesn't influence the market that much.
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Speaker 6: As we've mentioned before, it's the market tends to perform
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Speaker 6: best when the government is divided. And why is that
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Speaker 6: because they can't do anything.
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Speaker 3: Red luck Baby's where that's where the profit's at.
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Speaker 6: And and you know, even if the policies are bad
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Speaker 6: or you don't like the policies, you know, companies know
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Speaker 6: what the policies are, know what they're going to be,
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Speaker 6: and can make plans around those.
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Speaker 4: I think that and ultimately what we always come back
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Speaker 4: to here is if you put the headline sort of
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Speaker 4: headline bsside and everything, and you just deal in on
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Speaker 4: what you can control, what you have agency over, as
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Speaker 4: as as someone who's working towards your retirement and who
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Speaker 4: is looking to retire. Right, if you do all the
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Speaker 4: things that you're supposed to do, chances are you're probably
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Speaker 4: going to be in pretty good shape, regardless of who's
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Speaker 4: at the top of a take her to the president
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Speaker 4: or anything else.
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Speaker 6: Well, just like I mean, use this last the past
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Speaker 6: election as an example. You know, if you're a Trump
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Speaker 6: fan and your guy lost and you sold out, you
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Speaker 6: didn't do too well, you missed out on the games,
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Speaker 6: and over the right number of years, that's that's going
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Speaker 6: to probably be the case most of the time. Because
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Speaker 6: the market finds higher highs you know, pretty regularly. It
9:35
Speaker 6: doesn't in the last you know, forty plus years, it's
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Speaker 6: marched from one thousand to forty three thousand. There's a
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Speaker 6: lot of all time highs in that march.
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Speaker 3: There has to be right, and.
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Speaker 6: With what we said when we opened the show about
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Speaker 6: the twenty percent gains and how uneven those gains are,
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Speaker 6: the big risk there is you stay out and you
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Speaker 6: miss some of those big as because that's where those
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Speaker 6: long term averages come. You have to get those big
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Speaker 6: gains to average it out because not every year is
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Speaker 6: going to be that way, and if you missed the
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Speaker 6: wrong year, you know you really shot your opportunity to
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Speaker 6: grow your money.
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Speaker 4: So instead of being all that concerned about headlines or
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Speaker 4: something like that, double down on all of your steps,
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Speaker 4: whatever steps it is you need to do to be
10:19
Speaker 4: a solvent investor, to make sure you're making the right decisions,
10:22
Speaker 4: whether it's paying down debt or putting bonuses back into
10:25
Speaker 4: do work for you, into some sort of investment where
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Speaker 4: you about those things, where about the things you have
10:29
Speaker 4: agency over because largely you can cast your vote, that
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Speaker 4: you can donate money to presidential campaigns or to political campaigns.
10:36
Speaker 4: You can go out and have your voice heard, but
10:38
Speaker 4: ultimately there comes a point where there's not that much
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Speaker 4: you can do about it, and you can take agency
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Speaker 4: over the things that you do have control over.
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Speaker 6: Yeah, some things you've got to You've got to take
10:46
Speaker 6: care of yourself. Those folks in Washington aren't going to
10:48
Speaker 6: do it for you.
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Speaker 2: Yeah.
10:49
Speaker 3: Yeah.
10:50
Speaker 4: And don't put them first, you know, no matter what
10:52
Speaker 4: they say, they're not putting you first. You put yourself
10:55
Speaker 4: in your family first, and then figure it out from there.
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Speaker 4: That's I think that's where the keys come from. Texas
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Speaker 4: this morning three zero four nine three five five zero
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Speaker 4: zero eight three zero four nine three five five zero
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Speaker 4: zero eight. If you have any questions for John Bredet
11:05
Speaker 4: from Fourth Avenue Financial, you can give us a call.
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Speaker 4: I think three zero four three four five fifty eight fifteen.
11:09
Speaker 4: And I'm sorry for that. We're waiting for the resolution
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Speaker 4: to come through on some change of our phone lines
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Speaker 4: to get them back over to the right place. It
11:17
Speaker 4: was going to happen later over the weekend, and I'm
11:20
Speaker 4: not I didn't get confirmation if it did or not,
11:22
Speaker 4: so you may not be able to get through on
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Speaker 4: this show this morning at three zero four three four
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Speaker 4: five fifty eight fifty eight. If that is the case,
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Speaker 4: on the next show coming up, the studio re arrangement
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Speaker 4: will get us back into line and everything works. Okay,
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Speaker 4: it's just kind of an odd moment here this morning,
11:34
Speaker 4: but you can definitely get through on the text line
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Speaker 4: three zero four nine three five five zero zero eight.
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Speaker 4: You can find out more about John bre Dad and
11:39
Speaker 4: Fourth Avenue Financial on line. It's fourth Avenue Financial dot Com.
11:42
Speaker 4: Fourth Avenue Financial was spelled out fourth Avenue Financial dot Com.
11:45
Speaker 4: Also on Facebook. You can do that search and like
11:48
Speaker 4: the page over there to be kept up to date
11:49
Speaker 4: on all the things that's going on. Located at one
11:51
Speaker 4: seventy Court Street in downtown Charleston. I'll get your rest
11:53
Speaker 4: of the contact information as we go along here today.
11:57
Speaker 4: So we are coming towards the end of the year,
11:59
Speaker 4: and we've talked about you know, calendar months are are
12:02
Speaker 4: you get a lot of paperwork. You know, you get
12:04
Speaker 4: a lot of end of the year paperwork, which is
12:06
Speaker 4: important and you can follow away make sure you.
12:07
Speaker 3: Do things with it.
12:08
Speaker 4: But there isn't necessarily a laundry list of things you
12:11
Speaker 4: need to do other than making sure you're you're you
12:14
Speaker 4: take things out of taxes, you need to remove thing
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Speaker 4: you have, all the procedural things you have to do
12:18
Speaker 4: towards the end of the year. But there's not any
12:20
Speaker 4: major recasting or anything major like that as far as
12:22
Speaker 4: from your investment strategy goes. You just have to maybe
12:25
Speaker 4: stick your head up and take a look, appraise the situation.
12:27
Speaker 4: And that's a good a good time to call John Burdett.
12:29
Speaker 4: You know, every so often you might need a retuning
12:31
Speaker 4: or take a look at what you're looking at make
12:33
Speaker 4: sure your strategies are okay. Maybe not a terrible time
12:35
Speaker 4: to do that if you haven't taken a look at
12:37
Speaker 4: things for a lot well.
12:38
Speaker 6: There can be opportunities towards the end of the year
12:41
Speaker 6: to maybe minimize your taxes through some tax law selling.
12:44
Speaker 6: If you have some stocks that have not done well,
12:48
Speaker 6: go ahead and offload them before the end of the
12:50
Speaker 6: year and take the take the tax break on. It'll
12:52
Speaker 6: offset some of the gains that maybe you've had in
12:55
Speaker 6: the good year we've we've had this year, and you
12:59
Speaker 6: rather do that then you know, way to take it
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Speaker 6: in a year where you don't have fax liability. So
13:04
Speaker 6: you know, those are some small things that you can
13:06
Speaker 6: do inside your portfolio. But uh, but really you know,
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Speaker 6: at this stage, for me, what I'm hearing most there
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Speaker 6: is just concern over over the election. And if that
13:19
Speaker 6: is the case, if you're having that and and it's
13:22
Speaker 6: clouding your finances, definitely give us a call. You know,
13:26
Speaker 6: we'll set down and we can review your strategy, make
13:29
Speaker 6: sure that you are in the right places for your
13:32
Speaker 6: stage of life, and and hopefully I offer some perspective
13:36
Speaker 6: and some advice on how to how to get through
13:39
Speaker 6: it and stay the course. And and like you, like
13:41
Speaker 6: you just mentioned, focus on the things that you can control.
13:46
Speaker 6: And I think that you know, that's ultimately what what
13:52
Speaker 6: decides success. It's not external events, it's it's internally what
13:56
Speaker 6: what you're doing and the decisions that you make.
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Speaker 4: And this might be my fault. I pushed it a
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Speaker 4: little hard. What John just said there, I think is
14:04
Speaker 4: really important in that sometimes, like if we're talking about
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Speaker 4: different different reasons that you shouldn't be concerned. You know,
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Speaker 4: I don't worry about the headlines too much things like that.
14:14
Speaker 4: That doesn't mean that in asking the question that you
14:16
Speaker 4: may not find an issue somewhere. It may not be
14:18
Speaker 4: related to who's going to win the presidency, but the
14:22
Speaker 4: curiosity of hey, maybe I should take a look at
14:24
Speaker 4: this thing because of this could spur you to find
14:26
Speaker 4: other issues or opportunities in your portfolio and something that's
14:31
Speaker 4: worth taking a look at. So if you have a
14:32
Speaker 4: little bit of a question, that doesn't mean hey Coop
14:34
Speaker 4: said on the radio, that shouldn't panic so much.
14:36
Speaker 3: No, look, it doesn't hurt to look.
14:38
Speaker 4: Just don't make any massive changes based on the mood
14:42
Speaker 4: of the headlines that you're reading.
14:44
Speaker 6: Right right, No ration movements. So if you're going to
14:46
Speaker 6: make some changes, make sure that they fit, they fit
14:49
Speaker 6: you at your situation, not the external world that's going
14:54
Speaker 6: on around us that we don't control.
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Speaker 4: Now, it's really important information to make sure that you
15:00
Speaker 4: you are able to understand that and to deploy it properly.
15:03
Speaker 4: And that's why fourth avenue Financial and job. But it
15:05
Speaker 4: can help out so much with that if you're out
15:06
Speaker 4: there and you've been kind of flying without a net
15:09
Speaker 4: when it comes to your retirement and for your retirement
15:11
Speaker 4: income and how you can retire right, this is a
15:13
Speaker 4: great opportunity to take some of the some of the
15:15
Speaker 4: unknowns off of the table, give yourself some extra confidence
15:18
Speaker 4: and going into your years where you want to be
15:21
Speaker 4: earning and putting money away for retirement, making sure you're
15:23
Speaker 4: doing it the right way. You can have a financial
15:25
Speaker 4: advisor that puts the power of those things for you
15:28
Speaker 4: so you can make the right decisions and moderate your
15:31
Speaker 4: emotions and to put everything through the proper filter of
15:34
Speaker 4: someone who has the experience to do so. You may
15:36
Speaker 4: have some great ideas and you might be disciplined in
15:40
Speaker 4: your own way, but mixing that with someone who has
15:43
Speaker 4: a career of experience doing that could be a very
15:44
Speaker 4: good combination.
15:46
Speaker 3: Yeah.
15:46
Speaker 6: Yeah, Your behavior is largely what determines your outcome, not
15:51
Speaker 6: and how you respond to things, and emotional decision making
15:56
Speaker 6: is almost always detrimental to to your outcome.
16:01
Speaker 4: That's great information from John Bredet for Fourth Avenue. Financially,
16:03
Speaker 4: what we're gonna do, We're gonna take our break.
16:05
Speaker 3: When we come back.
16:05
Speaker 4: We still have plenty of stuff we're going to talk about.
16:07
Speaker 4: You can steer the way our conversation goes. You can
16:09
Speaker 4: text us this morning at three zero four non three
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Speaker 4: five five zero zero eight three zero four non three
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Speaker 4: five five zero zero eight. You can also give us
16:15
Speaker 4: call this morning three zero four three four five fifty
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Speaker 4: eight fifty eight three four five fifty eight fifty eight.
16:19
Speaker 4: You're listening to retire Right Radio with John Bredett for
16:21
Speaker 4: Fourth Avenue Financial. I'm del Cooper. This is five ADWCHS,
16:24
Speaker 4: the Voice of Charleston. Retire Right Radio was sponsored by
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Speaker 4: advice offered through jw CO Advisors. Fourth Avenue Financial, jw
16:37
Speaker 4: CLL Financial and jw CO Advisors are unaffiliated entities. The
16:41
Speaker 4: opinions expressed by John Bredet should not be construed as
16:43
Speaker 4: specific investment, legal, or tax advice. All economic and performance
16:47
Speaker 4: information is historical and not indicative of future results. Investing
16:51
Speaker 4: may involve risk of loss of principle. Any tax advice
16:54
Speaker 4: on this show is not intended to be used by
16:55
Speaker 4: any person for the purpose of avoiding US federal or
16:58
Speaker 4: state tax penalties that may be in posed on such
17:00
Speaker 4: a person, and each listener should seek advice from their
17:03
Speaker 4: tax advisor or legal console on topics that arise from
17:06
Speaker 4: the show. John Bredett is not providing legal or tax advice.
17:09
Speaker 4: Nothing should be construed as solicitation of an offer to
17:12
Speaker 4: buy securities. This program is sponsored by Fourth Avenue Financial,
17:15
Speaker 4: which is solely responsible for its content.
17:17
Speaker 7: As retirement approaches, are you confident in your financial plan?
17:20
Speaker 7: At Fourth Avenue Financial, they specialize in helping you to
17:23
Speaker 7: prepare for.
17:23
Speaker 5: This important milestone.
17:24
Speaker 7: Whether you're concerned about income, investments, or leaving a legacy.
17:28
Speaker 7: John Bredett provides personalized strategies to ensure as secure and
17:31
Speaker 7: fulfilling retirement.
17:32
Speaker 5: Don't leave your future to chance.
17:34
Speaker 7: Trust Fourth Avenue Financial to help you retire, ride with
17:36
Speaker 7: confidence your financial goals their expert guidance. Visit them today
17:40
Speaker 7: at Fourth Avenue Financial, dot com.
17:42
Speaker 2: Securities offer through jenabu Call Financial Incorporated. Member fin recipent
17:45
Speaker 2: advisory services offered through Jenibuq Advisors Incorporated.
17:48
Speaker 8: The candidates for governor, Patrick Morrissey and Steve Williams will
17:51
Speaker 8: debate on the campus of Fairmont State University on Tuesday,
17:54
Speaker 8: October twenty ninth at seven pm, moderated by Hope Cultuble,
17:58
Speaker 8: and you can watch on the free Metro News television
18:00
Speaker 8: app or listen to the bate on five eighty whs.
18:04
Speaker 8: Stay with Metro News after for an in depth breakdown
18:06
Speaker 8: with our panel of analysts.
18:08
Speaker 3: Metro News coverage begins.
18:10
Speaker 8: At seven pm and continues until nine sponsored by AARP
18:14
Speaker 8: of West Virginia on the Metro News television app and
18:16
Speaker 8: five eighty WCHS.
18:18
Speaker 2: This is retire Right Radio with John Burdett from Fourth
18:22
Speaker 2: Avenue Financial, taking your calls at three oh four three
18:26
Speaker 2: four five fifty eight fifty eight or texts on three
18:29
Speaker 2: oh four nine three five fifty oh eight.
18:37
Speaker 4: Here listening Subertorry right Rady on this Monday morning in
18:40
Speaker 4: the month of October. Man, Halloween is right around the corner.
18:43
Speaker 4: We talked about the election a little bit in the
18:44
Speaker 4: first segment, but Halloween is right around the corner. I
18:46
Speaker 4: can't believe it. John Burdad is here from Fourth Avenue Financial.
18:49
Speaker 4: You don't want the season to be scary for you
18:51
Speaker 4: when it comes to your personal finances. John can help
18:53
Speaker 4: you out. Give us call this morning three zero four
18:54
Speaker 4: three four five fifty eight fifty eight. You can text
18:56
Speaker 4: three zero four non three five five zeros er eight
18:58
Speaker 4: three zero four non three five.
18:59
Speaker 3: Five zeros you eight.
19:01
Speaker 4: Last couple of weeks, you've been talking to me a
19:02
Speaker 4: little bit about an idea that you've had off air,
19:06
Speaker 4: and at least what we were just talking about, it
19:08
Speaker 4: sounds like you might be about ready to uh. The
19:11
Speaker 4: concept is out there you're you're coming up with some days,
19:13
Speaker 4: but you have a pretty nice idea for maybe a
19:15
Speaker 4: little a little weekend club or meeting when it comes
19:18
Speaker 4: to UH to finances and so forth.
19:21
Speaker 6: Yes, I've been kicking around a little bit and we're
19:23
Speaker 6: pretty close to uh picking some dates. But as you know,
19:28
Speaker 6: if you've listened to the show, my wife opened up
19:31
Speaker 6: Vintage Advice Mercantile down at South Charleston. It's antique mall,
19:35
Speaker 6: vintage shops, and in the upstairs there's a kind of
19:42
Speaker 6: a community room, a meeting, a meeting area, and so
19:46
Speaker 6: I'm thinking that maybe Saturday mornings could be once a
19:51
Speaker 6: month we pick a date and just have a get together.
19:54
Speaker 6: I'll be up there. People can ask questions, you know,
19:57
Speaker 6: I'll have a topic, but it can go anywhere that
19:59
Speaker 6: the that the folks want to go, you know, a
20:03
Speaker 6: small group eight, ten, twelve people and just answer all
20:08
Speaker 6: your questions, meet face to face, have a little bit
20:11
Speaker 6: of coffee and donuts, and see where it takes us.
20:14
Speaker 4: I love ideas like this because as we've gotten farther
20:17
Speaker 4: and farther into I mean our current present, but at
20:21
Speaker 4: one time our future, this type of personal contact is
20:25
Speaker 4: and I know, you like to talk to people on phone,
20:26
Speaker 4: you meet with people all the time and things like that.
20:28
Speaker 4: But when it comes to we don't have a lot
20:31
Speaker 4: of things like this, like meetings of like minded individuals.
20:34
Speaker 4: I mean you see it from time to time still,
20:36
Speaker 4: you know, but that used to be a thing, even
20:37
Speaker 4: when I was younger. You know, the guys that would
20:40
Speaker 4: meet for breakfast and it was maybe sometimes unofficial, but
20:43
Speaker 4: there would be a group of guys that would meet
20:44
Speaker 4: for breakfast every morning and they would talk about the
20:46
Speaker 4: events of the day or whatever break up. Right, you know,
20:48
Speaker 4: There's not a lot of that anymore.
20:50
Speaker 6: And that's what I'm envisioning this as not really a
20:53
Speaker 6: seminar or a workshop, just basically, hey, let's get together.
20:58
Speaker 6: Well you know, what do you have on your mind,
21:00
Speaker 6: Let's talk about it. Uh, you know, market marke largely
21:04
Speaker 6: market related hopefully, sure, but hey, I can talk about
21:07
Speaker 6: a lot of things.
21:07
Speaker 4: When uh when when you first brought it up to me,
21:10
Speaker 4: And I'm such a huge Slock Holmes fans, I kept
21:13
Speaker 4: on thinking of Microft Holmes, Sherlock's brother who always hung
21:16
Speaker 4: out of the Diogenes Club. You know, that was a
21:17
Speaker 4: place where the movers and Shakers, government business took place
21:20
Speaker 4: and things like that, and you always had to go
21:22
Speaker 4: in and present your business card and then he would
21:24
Speaker 4: hold audience. Not that it is anything like that, but
21:26
Speaker 4: it was. It was a place where in fiction, it
21:28
Speaker 4: was a place that reflected real life, where people met
21:31
Speaker 4: and uh, you know, there was intellectual curiosity that was
21:34
Speaker 4: that was exchanged and things like that. It's a good
21:36
Speaker 4: idea to put people together and they could be from
21:40
Speaker 4: different parts of life, you know, from different stages of
21:42
Speaker 4: their of their retirement, different uh, different amount of wealth
21:45
Speaker 4: that goes into it and wealth creation. And you not
21:48
Speaker 4: only are able to kind of help each person individually,
21:50
Speaker 4: but the uh, but the collective unit you know, can
21:53
Speaker 4: a lot of times surface a great information and and
21:55
Speaker 4: uh and advice and stuff like that.
21:57
Speaker 6: Yeah, yeah, I know doubt about it and uh uh
22:01
Speaker 6: when I picked the dates. What I'm going to do
22:03
Speaker 6: is set it up as a Facebook event. So if
22:07
Speaker 6: you're on Facebook, certainly go to our page fourth Avenue
22:11
Speaker 6: Financial and like the page so you'll be notified when
22:14
Speaker 6: we set that event up for the first time. And
22:19
Speaker 6: then from there that's where you'll find it.
22:21
Speaker 4: So there you go, you go to Facebook, you do
22:23
Speaker 4: a search for Fourth Avenue. Financially you spell out the
22:25
Speaker 4: whole thing. You can find John's page there. You can,
22:27
Speaker 4: like it be notified when one of these one of
22:30
Speaker 4: these meetings come about. That's a great idea, and I
22:32
Speaker 4: can keep you up to date on when these are
22:34
Speaker 4: going to happen. It would be a great opportunity to
22:36
Speaker 4: to you know, if there's a lot of questions about
22:38
Speaker 4: particular topics, you're be able to use those and bring
22:40
Speaker 4: them back to the show and do a piece on them.
22:43
Speaker 4: If there's some questions you need to get out or
22:45
Speaker 4: something like that, or get you get kind of an
22:47
Speaker 4: idea from multiple people that hey, there's a lot of
22:49
Speaker 4: people that have questions about whatever this topic might be today.
22:52
Speaker 4: It's a great it's a great way to kind of
22:54
Speaker 4: get the pulse of what people are thinking as well.
22:55
Speaker 6: Yeah, yeah, no doubt about it. I'm kind of looking
22:57
Speaker 6: forward to it. I used to do a few things
23:00
Speaker 6: like this before before COVID and haven't really gotten back
23:04
Speaker 6: into the routine. So this is a this is a
23:06
Speaker 6: good opportunity to use the use the space down at
23:09
Speaker 6: the Wife Shop and that's free down there.
23:13
Speaker 3: Hey see, that's that's the right way to do it.
23:16
Speaker 4: You can still text us be forty three zero four
23:18
Speaker 4: none three five five zero zero eight three zero four
23:20
Speaker 4: none three five five zerears zero eight or to call
23:22
Speaker 4: three zero four three four five fifty fifteen. If you
23:24
Speaker 4: have any questions for John, if you're interested in one
23:25
Speaker 4: of these meetings that John's talking about that he's going
23:29
Speaker 4: to be holding on the weekend's coming up, just go
23:31
Speaker 4: to the Facebook page fourth Avenue Financial like the page,
23:33
Speaker 4: and then you'll get notifications when things come across there.
23:36
Speaker 4: You do one of those things now where you like
23:38
Speaker 4: at all all followers or whatever, you know, you can
23:40
Speaker 4: do that, right, Like, I never do that because I
23:43
Speaker 4: have like six people that follow me.
23:44
Speaker 3: What I'm going to do it for?
23:45
Speaker 4: But ever so, you know, I guess that from what
23:46
Speaker 4: he woulds all the time announcing to all of his
23:49
Speaker 4: followers the stuff that's going on the weekends, that's a useful,
23:51
Speaker 4: useful thing, right.
23:52
Speaker 5: Yeah.
23:52
Speaker 6: I'll have to out learn all the all the technology
23:55
Speaker 6: and the lingo.
23:56
Speaker 5: I'm a little behind of that stuff.
23:58
Speaker 4: I hate to admit, but I am too. As far
23:59
Speaker 4: as there's a lot of this stuff that they're like
24:01
Speaker 4: rolled out on Facebook and things I don't.
24:03
Speaker 5: Know, speaking of old school. After after our meeting there
24:05
Speaker 5: at the shop.
24:06
Speaker 6: We can then wonder down to the records and you know,
24:09
Speaker 6: proise the records and talk about music too.
24:12
Speaker 4: That's a finance and music. There's got to be some
24:14
Speaker 4: way that we can relate those things.
24:15
Speaker 5: You know, maybe there's plenty of lyrics we can go to.
24:17
Speaker 3: We should do a.
24:18
Speaker 4: Whole show where we marry like a concept with a
24:20
Speaker 4: song and we can play a little of this song
24:21
Speaker 4: and then talk about the concept.
24:22
Speaker 3: That might be fun to do.
24:23
Speaker 5: Yeah, high production quality there.
24:26
Speaker 4: Yeah, you know, if you come up with if you
24:27
Speaker 4: come up with the relationships, I'll come up with the production,
24:30
Speaker 4: you know, and and we'll make it work.
24:33
Speaker 3: As far as those things that go.
24:34
Speaker 4: Once again, you can text us morning three zero four
24:35
Speaker 4: nine three five five zers or eight three zero four
24:37
Speaker 4: nine three five five zers er eight. So if you
24:39
Speaker 4: are we we talked a little bit last week about
24:43
Speaker 4: somebody who may be looking to u start down the
24:48
Speaker 4: financial awareness path, like maybe they haven't had they haven't
24:52
Speaker 4: had a had an advisor, they've or it's been underutilized.
24:56
Speaker 4: But that is something that you may find yourself in
24:59
Speaker 4: a situation where you live somewhere else or maybe your
25:03
Speaker 4: relationship people retire out and maybe you don't have someone
25:07
Speaker 4: actively managing a portfolio or something like that. This is
25:09
Speaker 4: also something that you can help with because it's very
25:11
Speaker 4: easy to take over those types of things as somebody
25:14
Speaker 4: is looking to move management of their retirement funds or
25:16
Speaker 4: something like that.
25:18
Speaker 6: Yes, I mean there's certainly a you know, a lot
25:23
Speaker 6: of folks think, oh, there's a lot of red tape
25:25
Speaker 6: and moving money around, and that's really not the case anymore.
25:29
Speaker 6: I mean, any brokerage business is there's a kind of
25:34
Speaker 6: a standard in the industry. It's just some papers that
25:38
Speaker 6: sign a couple of papers and it transfers over to
25:41
Speaker 6: the new brokerage. You don't have to sell your investments necessarily.
25:45
Speaker 6: They can even move in kind. So if you own
25:47
Speaker 6: a particular portfolio or a particular stock that you don't
25:51
Speaker 6: really want to sell, the stock doesn't sell. It just
25:54
Speaker 6: appears in the new brokerage account at the new firm.
25:57
Speaker 6: So it's very seamless to do that these days.
26:01
Speaker 4: And if you have questions ask I've mentioned on the
26:03
Speaker 4: show before, and I think that it's really just a
26:04
Speaker 4: symptom of it being you know, it's like back in
26:06
Speaker 4: the nineties, and the job that I had didn't have
26:10
Speaker 4: a great I did have a great HR relationship where
26:14
Speaker 4: it gave you options on things that you had. Like
26:16
Speaker 4: I had a job that you know, they contributed four
26:18
Speaker 4: one k. I had a four oh one k with them.
26:19
Speaker 4: But when I when I not only resigned my job
26:23
Speaker 4: but changed states, you know, I was completely leaving. You know,
26:26
Speaker 4: I was a relatively young guy. I was in my
26:27
Speaker 4: early twenties, and and I thought, well, I need the
26:31
Speaker 4: I can't keep this money here. I'm not going to
26:32
Speaker 4: be in Michigan anymore doing this. I better cash out everything.
26:35
Speaker 4: And so, you know, that was like a huge mistake.
26:37
Speaker 4: And at no point along the way did I really
26:40
Speaker 4: have anybody be like, are you sure you want.
26:41
Speaker 3: To do this?
26:42
Speaker 4: Because I mean they might. They've told me, probably the
26:44
Speaker 4: penalties and stuff I was going to to face, but
26:46
Speaker 4: never was there, don't you want to do X?
26:49
Speaker 3: Instead? Wouldn't you like to do this and then you
26:51
Speaker 3: could keep your money?
26:51
Speaker 4: Like nobody ever told me that, Like I didn't know,
26:54
Speaker 4: you know, And sure it was it's ultimately my responsibility.
26:57
Speaker 4: I take full responsibility for it. But at the same time,
26:59
Speaker 4: I feel like that they were there's more levers in
27:01
Speaker 4: place now if somebody is looking to make that kind
27:03
Speaker 4: of mistake that you have to pull more of those
27:05
Speaker 4: levers before you can do it right.
27:07
Speaker 6: Well, you know, to today there are disclosures because there's
27:11
Speaker 6: something called a special tax notice, and that's a that's
27:14
Speaker 6: a form that's supposed to address the problem that you
27:17
Speaker 6: had years ago exactly. And and you know, I can
27:20
Speaker 6: tell you everyone.
27:21
Speaker 5: Reads that for them, Yes, I'm sure they do. You know, six.
27:25
Speaker 6: Pages of legally's that that tells you what the what
27:28
Speaker 6: the implications of every decision are. So you know, sometimes
27:31
Speaker 6: it's better just to pick up the phone and say, hey,
27:34
Speaker 6: this is my situation.
27:35
Speaker 5: Can you help me with that?
27:37
Speaker 3: Right?
27:37
Speaker 4: And we'll walk you right through it, And a lot
27:39
Speaker 4: of times somebody will will get you in there. You
27:41
Speaker 4: just don't want to make silly mistakes that you making
27:44
Speaker 4: an extra phone call or or reading an extra piece
27:47
Speaker 4: of paper, doing an extra bit of research something is
27:50
Speaker 4: going to keep you from making a huge mistake. You
27:51
Speaker 4: want to you want to be very measured in these
27:53
Speaker 4: types of things, especially when you're talking about uh money
27:56
Speaker 4: that you have invested and penalties, taxes, things along those lines.
27:59
Speaker 3: There's ways that you can protect yourself. You just have
28:01
Speaker 3: to ask.
28:02
Speaker 6: And when it comes to transferring the money, Let's say
28:04
Speaker 6: you you separated employment and you're willing to roll over
28:07
Speaker 6: an old retirement plan into an individual IRA that we
28:11
Speaker 6: manage for you.
28:12
Speaker 5: You know, we'll hop on the.
28:13
Speaker 6: Phone with you and help you get that money transferred
28:17
Speaker 6: properly so there are no tax penalties with that.
28:21
Speaker 3: You know.
28:21
Speaker 6: Essentially, we'll call in together on a on a speaker
28:25
Speaker 6: or a conference call. The I'll tell them on the
28:30
Speaker 6: other end of the at the investment company, h who
28:33
Speaker 6: I am, and that I'm with the client. They'll ask
28:36
Speaker 6: the client to identify themselves and and get them authorized
28:41
Speaker 6: and ask if permission to speak with me on the line,
28:45
Speaker 6: and then I'll take it from there. You know, I'll
28:47
Speaker 6: make sure that the check gets payable to the right
28:50
Speaker 6: place so that so that you know, there are no
28:53
Speaker 6: tax penalties, uh, you know, it goes directly to the
28:56
Speaker 6: new custodium that sort of thing. You know, we'll walk
28:59
Speaker 6: you right through that, actually be on the phone with
29:02
Speaker 6: you in that process.
29:04
Speaker 4: And that would be a huge benefit to somebody who
29:06
Speaker 4: you know, you're unsure. I mean, if you're like me,
29:08
Speaker 4: you might even read these things and like you sort
29:10
Speaker 4: of understand them, but it really helps when you have
29:11
Speaker 4: somebody with you that can kind of walk you through
29:13
Speaker 4: things turnstile wise to make sure you're making the right decision.
29:15
Speaker 6: I means you know, when you think about or how
29:17
Speaker 6: many times in life do you do you do that
29:19
Speaker 6: right once?
29:20
Speaker 5: Twice?
29:20
Speaker 6: Maybe we do it every day, So it's very for
29:25
Speaker 6: sure of how to do it, so so that takes
29:29
Speaker 6: the guests work completely out of it.
29:30
Speaker 4: Yeah, having that, having that level of confidence that's going
29:32
Speaker 4: to help you out is something that is really is
29:35
Speaker 4: really invaluable. So that you can find out more about
29:37
Speaker 4: Fourth Avenue Financial line. It's fourth Avenue Financial dot com
29:39
Speaker 4: phone number four furth Avenue Financial three zero four seven
29:41
Speaker 4: four six seven non seven seven three zero four seven
29:43
Speaker 4: four six seven non seven seven is where you can
29:46
Speaker 4: get ahold of Fourth Avenue Financial off the radio. You
29:48
Speaker 4: can text us this morning at three zero four non
29:49
Speaker 4: three five five zero zero eighth. This might be more
29:51
Speaker 4: something that we stretch out for in a longer show.
29:54
Speaker 4: But one of the things that I was looking through
29:56
Speaker 4: some data where I used to own some businesses and stuff.
29:58
Speaker 4: I still still have all of newsletters and different things
30:01
Speaker 4: like that that comes in and one of the trends
30:03
Speaker 4: that's been happening when it comes to we've seen record
30:06
Speaker 4: numbers of people opening up their own business quote unquote
30:09
Speaker 4: opening up their own business. But what the trends have
30:12
Speaker 4: shown is that these businesses are becoming less and less
30:14
Speaker 4: like brick and mortar establishments and stuff like that. Like
30:16
Speaker 4: the businesses I ran were brick and mortar establishments where
30:18
Speaker 4: I had to put the whole thing together. So many
30:20
Speaker 4: people now are running businesses out of their house. They're
30:22
Speaker 4: doing like the cottage kitchen thing.
30:23
Speaker 3: They're like.
30:26
Speaker 4: They're drivers, or they're coming up with some kind of
30:28
Speaker 4: interesting concept as far as that goes.
30:30
Speaker 3: But if you were.
30:31
Speaker 4: Someone like what I used to do, Like you know,
30:33
Speaker 4: I opened up brick and mortar businesses, I had w
30:35
Speaker 4: two employees. You know, I did the whole thing. You
30:37
Speaker 4: can as even as a small business go through Fourth
30:40
Speaker 4: Avenue Financial to create investment Form one K opportunities and
30:45
Speaker 4: so forth, free employees. You can put together those types
30:47
Speaker 4: of things if you're looking to put your business together
30:49
Speaker 4: properly and offer benefits and so forth.
30:52
Speaker 6: Absolutely, and it doesn't even have to be a four
30:55
Speaker 6: oh one K a four oh one k. You know,
30:58
Speaker 6: you have to be I think at a certain stage
31:01
Speaker 6: before that makes sense because of some of the expenses
31:03
Speaker 6: I involved in the filings you have to do. But
31:07
Speaker 6: a small business, I mean, especially if you're an individual,
31:10
Speaker 6: you know, a sep ira simple iras, there are lots
31:15
Speaker 6: of different avenues that you have and will help you
31:18
Speaker 6: evaluate your situation and decide which direction makes the most
31:21
Speaker 6: sense for you and so you can maximize I mean,
31:25
Speaker 6: why do you start that business you started so that
31:28
Speaker 6: when you have a living and you can take care of.
31:30
Speaker 5: Yourself and your family.
31:32
Speaker 6: A big part of that is making sure you're you're
31:34
Speaker 6: taking care of your future and you're in you know,
31:36
Speaker 6: don't neglect just because you're working on your own. Don't
31:40
Speaker 6: neglect saving for for your future, like like you would
31:43
Speaker 6: be if you are employed somewhere participating in the retirement plan.
31:47
Speaker 3: Yeah.
31:47
Speaker 4: I have to say that as someone who's who's been
31:49
Speaker 4: through that that there's a couple of things that goes
31:51
Speaker 4: on there. Number one, being able to offer that sort
31:53
Speaker 4: of a benefit as a small business is a huge
31:55
Speaker 4: advantage because not a lot of them doing it anymore.
31:56
Speaker 4: And so if you're competing in that space, that actually
31:59
Speaker 4: comes out very good. And another thing sometimes it sort
32:02
Speaker 4: of helps to be forced to walk the walk, so
32:05
Speaker 4: it kind of gets you into line. And when you
32:06
Speaker 4: start doing things like that, and there's a lot more
32:09
Speaker 4: you have to be a lot more strict with yourself
32:11
Speaker 4: to make sure that you're have everything in place, that
32:13
Speaker 4: that you're financially responsible for your company, that you're putting
32:16
Speaker 4: in the right way. Those things a lot of times
32:18
Speaker 4: will teach you to teach you good behavior anyway. You know,
32:20
Speaker 4: it's not a bad thing to do to have those
32:21
Speaker 4: benefits and different things like that, because I guess it
32:23
Speaker 4: gets you more in a business frame of mind. You know,
32:25
Speaker 4: you're you're administrating these things as the owner of the company,
32:29
Speaker 4: putting it together. It just keeps you more focused a
32:31
Speaker 4: lot of the times, at least that's what I found.
32:33
Speaker 6: Yeah, and you see and as you see that number
32:35
Speaker 6: grow and you see the progress you're making, it it
32:38
Speaker 6: might help you realize all the hard work you're putting
32:40
Speaker 6: in is amounting to something. You know that you're making progress.
32:45
Speaker 6: It's kind of a scorecard and in a.
32:47
Speaker 4: Sense, yeah, and I just I see all of these
32:51
Speaker 4: numbers and it's been amazing. You know, people opened up
32:53
Speaker 4: all kinds of businesses during COVID when the people were
32:56
Speaker 4: getting money and they were using those to start little collagechumbs.
32:58
Speaker 4: Now a lot of them have closed already as well.
33:00
Speaker 4: I mean that we we knew that was going to happen.
33:02
Speaker 6: You know that that's one thing about this country. And
33:05
Speaker 6: I think that that is a little bit unique every individual. Uh,
33:10
Speaker 6: you know, they really can if they choose to come
33:14
Speaker 6: up with some creative things. I was talking to somebody,
33:17
Speaker 6: uh coming back from Florida while back, and uh, they
33:22
Speaker 6: created a business traveling on an air airplane's taking older
33:28
Speaker 6: folks from up north, you know, to down south, the snowbirds,
33:33
Speaker 6: you know, just a travel companion. Like they're getting paid
33:38
Speaker 6: to to to travel make sure that you know, mom
33:42
Speaker 6: or dad gets to where they need to be and
33:44
Speaker 6: that the luggage gets where it needs to be. And
33:46
Speaker 6: and uh, you know, made a whole business of it.
33:48
Speaker 6: And so this person gets to go see the world
33:51
Speaker 6: and makes a living. And you know they just came
33:54
Speaker 6: up with us, uh, you know, on their own. That's
33:57
Speaker 6: a that's you know, it's a really good opportunity. Yeah,
34:00
Speaker 6: and little niches anywhere, you know, And and I think COVID, you.
34:04
Speaker 5: Know, brought that out in a lot of folks.
34:06
Speaker 4: Yeah, a lot of people gave it the opportunity where
34:08
Speaker 4: you know, they may have been laid off in prayer
34:11
Speaker 4: from a job, or they got funds they weren't used
34:13
Speaker 4: to happening or something like that allowed them to have
34:15
Speaker 4: well disposed income to take a chance for taking investment.
34:17
Speaker 4: I mean, it's not it wasn't a bad thing because
34:20
Speaker 4: some things came through the other side of that and
34:21
Speaker 4: have worked and people have found their niches.
34:23
Speaker 5: Yeah, yeah, no doubt about it.
34:24
Speaker 6: And like I say, I think that's a big part
34:26
Speaker 6: of why this country bounced back from COVID much faster
34:30
Speaker 6: than than you know, places around the world that that
34:35
Speaker 6: paid people to stay in place, and we didn't really
34:41
Speaker 6: ensure that people would have their same jobs back. You know,
34:44
Speaker 6: we helped financially to get them through, but we didn't
34:48
Speaker 6: require the employer. You know, we paid the individual, not
34:51
Speaker 6: the employer essentially.
34:53
Speaker 4: And people kind of reshuffled themselves. There was a lot
34:54
Speaker 4: of reshuffling during that time, and a lot of people
34:57
Speaker 4: came out on the other side a little a little
34:58
Speaker 4: bit better.
34:58
Speaker 6: Our economy tends to be, you know, very dynamic that way.
35:03
Speaker 4: There was this lady that I met in my travels.
35:05
Speaker 4: This is when I was at equit where she was
35:06
Speaker 4: a Canadian by birth but had lived a lot in
35:09
Speaker 4: the United States, and she swore up and down she
35:11
Speaker 4: said that every including living overseas like in Paris. She
35:15
Speaker 4: swore up and down that she could go to any
35:17
Speaker 4: city and live there just by opening up a dog
35:20
Speaker 4: walking service. That was her thing. She said that then.
35:22
Speaker 4: Now this was in two thousand and nine, so this
35:25
Speaker 4: was like two thousand and non finances, not twenty twenty
35:27
Speaker 4: four finances. But she claimed that she could go to Paris, London,
35:30
Speaker 4: New York, San Francisco, wherever, and it would take her
35:32
Speaker 4: a relatively short amount of time to set up enough
35:35
Speaker 4: people where she could go and take care of their
35:37
Speaker 4: dogs and do dog walking and stuff where she could
35:39
Speaker 4: live in the city for a while.
35:40
Speaker 3: I don't know if she I don't know if it
35:41
Speaker 3: was BS or she was telling the truth.
35:43
Speaker 4: But I always thought it was an interesting concept because
35:45
Speaker 4: I could almost see how maybe she was telling the truth,
35:48
Speaker 4: you know, I mean, because people work in these urban environments,
35:52
Speaker 4: they don't have people who take care of their animals
35:53
Speaker 4: and stuff. You get together, like a roster of ten
35:56
Speaker 4: or fifteen households that you were taking care of. You
35:59
Speaker 4: could probably make it back then. Anyway, you can probably
36:01
Speaker 4: make a decent amount of money doing it.
36:02
Speaker 6: Yeah, well that's you get out of the inner city
36:05
Speaker 6: end of the suburbs. You can make up real good
36:06
Speaker 6: living cutting grass.
36:08
Speaker 4: That's right, hey, Uly that at twelve, absolutely right, yeah, absolutely, yeah, Yeah.
36:12
Speaker 6: People get paid a lot more than you probably did
36:14
Speaker 6: when you were twelve.
36:15
Speaker 3: I'd say I have a filling. You're probably right as
36:17
Speaker 3: far as that goes.
36:18
Speaker 4: John Burdett with Fourth Avenue Financial, great conversation this morning,
36:20
Speaker 4: like we always have. We appreciate you tuning in to
36:22
Speaker 4: the radio program right. Retire Right Radio is on every
36:25
Speaker 4: Monday morning at eight twenty right here on five E
36:27
Speaker 4: w CCHS after the morning news. You can tune in
36:29
Speaker 4: on Monday mornings and the podcast is always available about
36:32
Speaker 4: an hour or so after the show's over, so about
36:33
Speaker 4: ten o'clock or so on Mondays, you can find the
36:36
Speaker 4: retire Right podcast that comes on WCHS network dot Com.
36:39
Speaker 4: Slash retire right is where you can find that. Fourth
36:42
Speaker 4: Avenue Financial is located right here in downtown Charleston. One
36:44
Speaker 4: seventy Court Street, Downtown Charleston. Their phone north three zero
36:46
Speaker 4: four seven four six seven on seven seven three zero
36:49
Speaker 4: four seven four six seven non seven seven on line
36:51
Speaker 4: Fourth Avenue Financial dot com. You spell out the whole
36:53
Speaker 4: thing Fourth Avenue Financial dot Com. You also can go
36:56
Speaker 4: to Facebook and do that search like the page, and
36:58
Speaker 4: then you could be kept up to date when you're
36:59
Speaker 4: going to have your your weekend meetings over at the
37:03
Speaker 4: over your wife's place.
37:04
Speaker 6: Yes, we'll uh by next week. I'm sure we'll have
37:07
Speaker 6: some dates put out there.
37:08
Speaker 4: That's great stuff. John Burdett once again from Fourth Avenue Financial.
37:11
Speaker 4: I'm Del Cooper. Thanks so much for tuning in on
37:13
Speaker 4: this Monday morning. Coming up next to Dave Allen five
37:15
Speaker 4: eighty Live Coffee Croache one talk Line and I'll be
37:18
Speaker 4: back this afternoon at three oh six on hotline with
37:20
Speaker 4: Dave Weekly.
37:20
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